Asian Stocks Decline as Investors Await Chinese Manufacturing Data

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

Asia shares dropped Monday amid jitters about upcoming Chinese manufacturing data and the continued declines in commodity prices. The Shanghai Composite opened 1.3% lower at 3614.99, while the smaller Shenzhen Composite traded down 1.5% at 2079.13. The small-cap ChiNext board ...

Asian Stocks Decline as Investors Await Chinese Manufacturing Data

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Chao Deng Asia shares dropped Monday amid jitters about upcoming Chinese manufacturing data and the continued declines in commodity prices. The Nikkei Stock Average was down 0.3%, Australia's S&P; ASX 200 lost 0.2% and South Korea's Kospi was down ...

Oil Prices Drop to Four-Month Low on Supply Glut Concerns

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Biman Mukherji HONG KONG--Oil prices slid to fresh four-month lows Monday as a rise in the number of U.S. oil rigs fueled supply glut concerns even as weak China manufacturing activity weighed on the demand outlook. The oil-rig count ...

Indonesia July Inflation Steady at 7.26%

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By I Made Sentana JAKARTA--Indonesia's July inflation was steady at 7.26% year-over-year, as prices of basic food transportation rose from the previous month due to the Muslim festivities, the official statistics agency said Monday. Prices rose 0.93% from the previous ...

HSBC to Sell Brazil Business for $5.2 Billion

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

HONG KONG?HSBC Holdings PLC said on Monday it will sell its Brazil business to Banco Bradesco SA in an all-cash deal worth $5.2 billion, as it continues to reshape its operations with an eye toward improving profits. The bank, which ...

BMW, Daimler, Audi to Buy Nokia's Maps Business

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

BMW AG, Audi AG and Daimler AG said they have agreed with Nokia Corp. to buy the Finnish company's digital maps business Here. The deal for Here has an enterprise value of 2.8 billion euros ($3.1 billion), Nokia said Monday ...

Copper, Aluminum Prices Fall to Six-Year Lows -- Update

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Ese Erheriene LONDON--Copper and aluminum prices sank to their lowest levels in six years on the London Metal Exchange on Monday, as industrial metals took a fresh hit from China's slowing economy. Yet more disappointing economic news out of ...

China Proposes to Keep Online Payments in Check

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

BEIJING?Draft rules for online payments issued by China's central bank look set to hamper the growth of financial services offered by the likes of Alibaba Group Holding Ltd.'s financial affiliate and social-networking company Tencent Holdings Ltd., analysts said Monday. The ...

BMW, Audi, Daimler Clinch Purchase of Nokia's Maps Business--Update

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Friedrich Geiger Germany's biggest auto makers have clinched a deal to buy Nokia Corp's digital mapping business, beating out rival bidders for some of the vital technology for self-driving cars in a EUR2.8 billion ($3.1 billion) acquisition. The deal ...

Eurozone PMI Survey Shows Collapse in Greek Manufacturing Output

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Paul Hannon Uncertainty over the country's future relationship with the eurozone sent Greek manufacturing into a tailspin in July, but that had little impact on other parts of the currency area's economy, as Italian factories had their best month ...

S&P 500, Nasdaq Futures, Aug. 3 -- Technical Analysis

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

Chicago Mercantile Exchange September S&P; 500 Futures 2125.20 -- lifetime high 2121.30 -- previous month's high 2114.77 -- second pivot point resistance 2109.23 -- first pivot point resistance 2108.50 -- previous day's high 2098.47 -- pivot point 2098.40 -- previous ...

Exor, PartnerRe Settle on Deal

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

Italy's Exor SpA and PartnerRe Ltd. ended months of negotiations by reaching an agreement in which Exor would buy PartnerRe in a deal valued at $6.9 billion. As part of the Exor deal, PartnerRe has agreed to terminate its separate ...

U.S. Consumer Spending Up 0.2% in June

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By David Harrison and Josh Mitchell WASHINGTON--Americans curbed their spending increases in June, a sign that weak wage growth might be weighing on consumers. Personal spending, which measures what consumers spend on everything from donuts to dishwashers, rose 0.2% from ...

U.S. Consumer Spending Up 0.2% in June

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

WASHINGTON?Americans curbed their spending increases in June, a sign that weak wage growth might be weighing on consumers. Personal spending, which measures what consumers spend on everything from donuts to dishwashers, rose 0.2% from a month earlier, the smallest gain ...

Eurozone Survey Shows Collapse in Greek Output -- 2nd Update

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Paul Hannon Uncertainty over the country's future relationship with the eurozone sent Greek manufacturing into a tailspin in July, but that had little impact on other parts of the currency area's economy, as Italian factories had their best month ...

Allianz-Led Consortium to Buy Back Tank & Rast -- Update

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Eyk Henning and Shayndi Raice FRANKFURT--A consortium headed by the infrastructure arm of German insurer Allianz SE said Monday it will acquire Tank & Rast Holding GmbH, a German service station chain, from Terra Firma Capital Partners for an ...

ISM Manufacturing Index Falls to 52.7 in July -- Update

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

By Jeffrey Sparshott U.S. manufacturers expanded at a slower pace in July, according to a survey released Monday by the Institute for Supply Management. Employment also increased at a slower pace last month. The ISM's manufacturing purchasing managers index, which ...

London Trader Hayes Convicted of Rigging Libor

TODAY: Aug. 3, 2015 PUB DATE: Aug. 3, 2015

LONDON?A jury here convicted Tom Hayes, a former trader at UBS AG and Citigroup Inc., with fraudulently trying to rig the London interbank offered rate, or Libor, the first criminal conviction of an individual for manipulating the widely used benchmark. ...